Maccabi Haifa Owner Yaakov Shahar Seeks $100 Million Sale

Yaakov Shahar, the owner and president of the Maccabi Haifa football club, is once again attempting to sell the team, this time seeking $100 million for 100% of the shares. Shahar and his partners, the heirs of businessman Israel Kaz, have hired the American investment bank Rain Group to find potential buyers. This move follows a failed attempt six months ago to sell half the club's shares to a group of American investors due to disagreements.

The current objective is to sell the entire ownership in a single transaction. Rain Group, which specializes in technology, media, and sports, is exploring options, including forming a buyer group with a main investor holding 51% and a consortium of Maccabi Haifa fan-entrepreneurs in high-tech holding the remaining 49%. These entrepreneurs might invest between $5 million and $10 million each, with names like Tom Livneh of Verbit and Ofer Ben Noon of Argus and Talon mentioned as potential participants, though no group is yet solidified.

Despite the willingness to sell, the 84-year-old Shahar, who considers Maccabi Haifa his life's work, will prioritize the buyer's identity and their ability to ensure the club's future continuity. He confirmed his intention to sell but stated he had not been contacted by the mentioned high-tech group. Shahar, a prominent Israeli businessman and co-owner of the Meir Group, which imports Volvo and Honda, has owned Maccabi Haifa since 1992. Under his ownership, the club has won numerous championships and participated in major European competitions, including the Champions League group stage. This potential sale marks a significant moment in the club's history after more than three decades under his leadership.